Distribution Solutions Group, Inc. $DSGR Stock Holdings Reduced by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lessened its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 312,532 shares of the company’s stock after selling 42,892 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Distribution Solutions Group were worth $8,560,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DSGR. BNP Paribas Financial Markets boosted its holdings in shares of Distribution Solutions Group by 53.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after buying an additional 408 shares during the period. Quarry LP bought a new stake in shares of Distribution Solutions Group during the 3rd quarter worth $42,000. Covestor Ltd boosted its holdings in shares of Distribution Solutions Group by 27.3% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the company’s stock worth $67,000 after buying an additional 478 shares during the period. State of Alaska Department of Revenue bought a new stake in Distribution Solutions Group during the 3rd quarter valued at approximately $80,000. Finally, Tudor Investment Corp ET AL bought a new stake in Distribution Solutions Group during the 3rd quarter valued at approximately $226,000. Institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert Zamarripa acquired 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $21.23 per share, for a total transaction of $297,220.00. Following the completion of the acquisition, the director owned 47,105 shares of the company’s stock, valued at $1,000,039.15. This trade represents a 42.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

DSGR has been the subject of a number of research reports. Stephens reissued an “overweight” rating and issued a $36.00 price target on shares of Distribution Solutions Group in a report on Tuesday, May 5th. Barrington Research reiterated an “outperform” rating and issued a $35.00 price objective on shares of Distribution Solutions Group in a research report on Monday, March 16th. Zacks Research upgraded Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings upgraded Distribution Solutions Group from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Distribution Solutions Group Trading Down 1.1%

Shares of DSGR opened at $26.98 on Wednesday. The stock has a fifty day moving average price of $26.18 and a two-hundred day moving average price of $27.81. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 2.63. Distribution Solutions Group, Inc. has a 52-week low of $19.02 and a 52-week high of $33.80. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 224.83 and a beta of 0.56.

Distribution Solutions Group (NASDAQ:DSGR) last released its earnings results on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. Analysts predict that Distribution Solutions Group, Inc. will post 1.46 EPS for the current fiscal year.

Distribution Solutions Group Profile

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.